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27

Jan

7 Ways to Fix Your Credit (part 7)

7. David Versus Goliath

Many consumers feel like they’re living the ancient biblical story of David versus Goliath when dealing with debt collectors, and the credit bureaus. While the FCRA and the FDCPA do provide you with rights as a consumer, for most people this is little more than a sling shot.

You see, the credit bureaus and the collection agencies are fined constantly for violating consumer rights. One of the most egregious was just a few years ago when the three major credit bureaus were required to set up toll-free phone numbers, so consumers could call in and dispute an item on their credit reports.

Yet the credit bureaus neglected to have staff members answer these phones. There were reports of consumers waiting up to 30 hours just to speak to someone. The FTC intervened and fined all three of the credit bureaus again, and collectively over a million dollars.

This is just a glimpse at the type of people and companies you’re doing battle against. The credit bureaus spend millions of dollars in public relations campaigns to further their own agenda and convince people that they must live with bad credit for seven years.

That it’s illegal to remove accurate bad credit. And that if you dispute and challenge a listing on your credit report that you know is accurate, you’ll be woken up in the middle of the night by a SWAT team kicking in your front door.

This is all baloney and done only for the credit bureaus to avoid further government fines, and the expense of investigating consumer disputes. In other words to screw you! This is why we recommend to our members to look into professional and legal credit repair companies.

Stop being a victim of lenders, creditors, debt collectors, and the credit bureaus. Take action to get a FREE credit consultation with certified FICO professional by calling toll-free 1-877-418-7596.